Polar Power, Inc. (NASDAQ:POLA) Short Interest Update

Polar Power, Inc. (NASDAQ:POLA) was the target of a large drop in short interest during the month of August. As of August 15th, there was short interest totaling 17,300 shares, adropof39.1% from the July 31st total of 28,400 shares. Currently,1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 100,700 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 100,700 shares, the short-interest ratio is currently 0.2 days. Currently,1.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on Polar Power in a report on Wednesday, May 21st. They set a “sell” rating for the company.

Polar Power Price Performance

Shares of POLA stock traded down $0.26 during trading hours on Monday, reaching $2.42. The company had a trading volume of 136,321 shares, compared to its average volume of 202,510. The business has a fifty day simple moving average of $2.01 and a 200-day simple moving average of $2.10. Polar Power has a 12 month low of $1.53 and a 12 month high of $4.69. The company has a market cap of $6.07 million, a price-to-earnings ratio of -1.05 and a beta of 0.63.

Polar Power (NASDAQ:POLA) last posted its earnings results on Thursday, August 14th. The utilities provider reported ($0.11) earnings per share (EPS) for the quarter. Polar Power had a negative return on equity of 39.10% and a negative net margin of 38.21%.The business had revenue of $2.71 million during the quarter.

Institutional Trading of Polar Power

An institutional investor recently raised its position in Polar Power stock. Bard Associates Inc. grew its position in Polar Power, Inc. (NASDAQ:POLA) by 3.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 446,745 shares of the utilities provider’s stock after purchasing an additional 14,800 shares during the period. Bard Associates Inc. owned about 17.79% of Polar Power worth $1,081,000 as of its most recent filing with the SEC. Institutional investors own 26.10% of the company’s stock.

Polar Power Company Profile

Polar Power, Inc designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States and internationally. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems, and mobile power systems. Its DC power systems are available in diesel, natural gas, LPG/propane, and renewable fuel formats.